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Nov 3, 2009

SM Entertainment will hold a press conference today regarding the conflict with TVXQ/DBSK/Tohoshinki.

Lawyers of SM Entertainment said:

"The court's ruling for TVXQ is not fair. They didn't consider the main reasons of the case. Their long contract is so that we can let them grow and have a long term deal with them. We want to look at their career in the long run and the court's decision is not letting us do that. This is going to affect TVXQ's international promotions. It'll also create confusion for stars that want to have long term contracts and move on to bigger things later in their careers and for the companies that want to nurture talented people for a longer time. Not only that, it'll have some unwanted consequences on exports of Korean music as well as other issues."

They continued to say:

"Each year, we adjusted the contracts in favor of the members. Before this problem, the three members never complained about anything. Now that they have succeeded this much, they are complaining. They have just started to reach the top and now want to separate. Before a final decision is made, the three can do their personal and individual work. However, this does not grant the three members any rights as part of TVXQ."

Because of all this, TVXQ has not been able to work and SM Entertainment will seek to receive compensation for damages during the time that TVXQ has been inactive.